While $SPY ended 2013 with an over 32% annual return and seemed to keep going up day after day with buying the dip as the name of the game last year. While ‘the dip” moved around to the 10 day SMA, the 21 day EMA, the 50 day SMA, even the 100 day simple moving […]
The $SPY Chart’s Biggest Technical Resistance Level Read More »
Longer term uptrend still very healthy and intact, long term trend followers have been able to let long equity positions run for over a year now. Short term we are still a little overbought here and it would be healthy for a retracement to the 21 day or 50 day or some base building in
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@SJosephBurns my two mentors were most humble yet confident and focused in front of the screen, never arrogant — Conquest (@ConquestFund) January 3, 2014 How new traders start out –> pic.twitter.com/PP61JgrW8d — Steve Burns (@SJosephBurns) January 3, 2014 "I became over-confident, and that is the most dangerous state of mind anyone can develop in the
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A great conversation broke out in my trading group over the past few days when one member asked: “I have a question for some of you guys….right now I’m a part time trader with a full time job. I’d love to be
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When a new trader is in the process of building their capital for a trading account there are a few financial mistakes that they make that can really keep them from having the ability to ever build the necessary trading account to even be able to trade with in the first place. Here are some
Building Your Trading Capital: 5 Pieces of Advice Read More »
Here are the Blog posts that received the most Facebook likes on NewTraderU in 2013: (Each title is a link to that blog post). #1 The Magic of Compounding Your Returns 142 likes #2 A Trader’s Most Important Question 126 likes #3 The Top 25 Trading Books That Helped Readers Make Money
Top 10 Most Liked Blog Posts of 2013 On NewTraderU Read More »
The following titles can be searched on this website for the article by the same name. Advice for New Traders The Top 10 Questions Traders must ask to Protect Them from Themselves. Surviving the Trading Game The Perfect Trader The Five Most Important Questions an Option Trader Better Know. How to trade in 3D 10
When you are a new trader the things that are emotionally comfortable to do and feel good are almost always the wrong thing to do. Trading is a counter intuitive endeavor and that is why 90% do not make money trading, “Part of the “If it feels good, don’t do it” rule of trading. When
Trader: If It Feels Good Don’t Do It! (Ten Things) Read More »
The long term up trend and bull market is still very healthy and intact no doubt. Short term trend traders are highly likely to get a better entry point if they exit here and wait for a pull back to near term support levels or a dip. The 70 RSI has been resistance all year
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I sold my $SPY positions Friday that I had entered at the end of day after the 50 day bounce with full size. I also traded $UPRO in my aggressive account from $89.44 to $94.97. I am currently flat and in cash with no positions. This is an exit due to the appearance
Why I Sold My Stock on 12/27/13 Read More »
3.75% max total exposure helps with limiting risk in cases of positive correlations… so my rule is 1% max per asset, 3.75% max total. — Trade Like a Casino (@TradeLikeCasino) December 22, 2013 Change with changing conditions. There's no right or wrong, only profit or loss. — Peter Ghostine (@PeterGhostine) December 23, 2013 Bull Markets
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Most traders can make some quick money in the markets -it is easy to have a few winning trades, but to keep it after you make it and then to continue to make more, with the right trades at the right time time in the right market, and in the right way-that is not
Top Ten Traits Of Amateurish Traders. Read More »
The Chartist https://www.thechartist.com.au/ Follow Nick on FaceBook https://www.facebook.com/thechartist. Nick is the author of Unholy Grails – A New Road to Wealth. To be a successful trader is actually quite simple, despite what expensive courses and spruikers will tell you. The Australian Technical Analysis Association (ATAA) invited Nick Radge, The Chartist, to present a talk
What Makes a Successful Trader? By Nick Radge, The Chartist Read More »
What to Look for in Your Forex Broker When selecting a Forex broker, there is a large list of features that one should evaluate. Here are several areas that should be assessed before choosing the broker that is best for you. The first thing that you need to check is if the broker
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‘Twas the trader’s night before Christmas, when all through the markets Not a stock was volatile, not even one in the energy sector; The stocks were all traded with care, In hopes that the Santa Claus Rally would soon be there; The traders were bullish all snug in their bets, While visions of profits
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New traders make the mistake of being biased to current market conditions and do not consider that it is only a phase, bull markets, bear markets, and range bound markets are a cycle that plays out over and over. From trending and non-trending to
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The 50 day sma bounce that most traders expected did happen Wednesday and it was fast and furious moving from the near term support back to resistance in a manner of hours. There really was no choice but to go long with that massive reversal candlestick, the bulls won. We now have two days
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The Top Ten Skills of Profitable Traders They Develop robust systems using principles and patterns that work and are based on historical back testing. They Write a trading plan that fits their personality and results in profitability. They have the discipline and self control to
The Top Ten Skills of Profitable Traders Read More »
@The_Real_Fly Your opinion about the poll has been noted for future reference. — Steve Burns (@SJosephBurns) December 20, 2013 @SJosephBurns And your belligerence has been noted for future battles — The_Real_Fly (@The_Real_Fly) December 20, 2013 Ouch!! pic.twitter.com/vN4MOREtsU — DK1 (@canuck2usa) December 18, 2013 Markets have potential for a very powerful psychological/sentiment
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After almost 2,000 votes being cast in my poll: “Who has been the most helpful trader on twitter for you in 2013?” here are the final results listed below in order of votes received. These are based on actual votes received, they are not my picks or opinions. Some of these are great professionals that
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